Price For Midwest-South Central Deal: $72 Million

June 2, 2014 at 4:34 AM (PT)

The price for MIDWEST COMMUNICATIONS' purchase of the SOUTH CENTRAL COMMUNICATIONS stations in EVANSVILLE, NASHVILLE, and KNOXVILLE is $72 million, according to the contract filed with the FCC. The price was undisclosed when the deal was announced last week. The stations include Classic Rock WIMZ, AC WJXB (B97.5) and Active Rock WVRX (95.7 THE X)/KNOXVILLE, Adult Hits WCJK (96.3 JACK FM) and AC WJXA (MIX 92.9)/NASHVILLE, and Top 40 WSTO (HOT 96), Country WKFW (93.5 THE WOLF), AC WIKY and Classic Rock WABX/EVANSVILLE, plus the LMA for Adult Hits WEJK (107.1 JACK FM)/EVANSVILLE.

In other filings with the FCC, OWL BROADCASTING & DEVELOPMENT, INC. is selling Spanish Religion KSAZ-A (RADIO EBENEZER 580 AM)/MARANA, AZ to KASA RADIO HOGAR, INC. for $1.375 million. The buyer has been operating the station under a time brokerage agreement since 2012 and is exercising an option in that TBA to buy KSAZ.

TRUSTWORTHY RADIO LLC, MARKIAN R. SLOBODIAN, trustee, is selling WHYL-A/CARLISLE, PA to HAROLD Z. SWIDLER's WHYL, INC. in a Chapter 7 bankruptcy proceeding for $30,000. The station has gone silent while the sale process is underway; TRUSTWORTHY's Chapter 11 bankruptcy was converted to Chapter 7 last SEPTEMBER with the entire staff exiting (NET NEWS 9/23).

RADIO ONE's CHARLOTTE BROADCASTING LLC is selling control of GAFFNEY BROADCASTING, INCORPORATED, licensee of W282AX/GAFFNEY, SC, to FOWLER BROADCAST COMMUNICATIONS INC. as part of the previously consummated deal that also spun Country WZZQ-A/GAFFNEY to FOWLER for $225,000.

PROGRESSIVE BROADCASTING SYSTEM, INC. is selling W291BQ/PLYMOUTH, IN to COMMUNITY SERVICE BROADCASTERS, INC. for $55,000. The station will rebroadcast Classic Hits WTCA-A/PLYMOUTH.

CRAWFORD BROADCASTING affiliate WMUZ RADIO, INC. has closed on the donation of Religion KSTL-A/ST. LOUIS to CHURCH OF GOD IN CHRIST, INC.

SOVEREIGN CITY RADIO SERVICES, LLC has closed on the sale of Country KYRN (MINE COUNTRY 102.1)/SOCORRO, NM to SOCORRO COMMUNITY RADIO, LLC.

RADIO DISNEY GROUP, LLC has closed on the sale of silent WKSH-A/SUSSEX-MILWAUKEE, WI to STARBOARD MEDIA FOUNDATION, INC. for $725,000.

THOMAS D. HODGINS has closed on the sale of K248CD/SALEM, OR to EDWARD C. DISTELL for $25,000.

And YOUR CHRISTIAN COMPANION NETWORK, INC. has closed on the sale of K224ER/EUREKA, CA to BICOASTAL MEDIA LICENSES II, LLC for $17,500. The station will rebroadcast Sports KATA-A (ESPN 1340)/ARCATA, CA.